facebook
Traded Co logo
Submit
Daily limit: 0/10

Isaac Lustgarten & Oren Alexander Of Official Represent Buyer For $11.3M Condo Deal

Property Image
SOLD
$11,300,000

Florida

See Similar Deals
Condo5,164 SF
Sold 04/10/2024
the dealplayerscompscontact
Property Image
SOLD

Isaac Lustgarten & Oren Alexander Of Official Represent Buyer For $11.3M Condo Deal

9110 West Bay Harbor Drive

See Similar Deals
Condo5,164 SF
Sold 04/10/2024
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,188
Total Square Footage:5,164 SF
Transaction Type:Sale

The priciest condo to secure a contract is a five-bedroom, five-bathroom penthouse located at the Indian Creek Residences on 9110 West Bay Harbor Drive in Bay Harbor Islands, with a listed price of $11.3 million. Spanning 5,164 square feet, the luxurious unit is part of Jonathan Landau's development project under Landau Properties.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $11,300,000
  • Address: 9110 West Bay Harbor Drive
  • Market: Bay Harbor Islands
  • Developer: Jonathan Landau - Landau Properties
  • Buyer's Rep: Isaac Lustgarten & Oren Alexander - Official
  • SF: 5,164
  • PPSF: $2,188

Isaac Lustgarten and Oren Alexander from Official played instrumental roles in facilitating the transaction, representing the buyer. The condo's developer, Jonathan Landau of Landau Properties, oversaw the creation of this magnificent penthouse, setting a new benchmark for luxury living in the Bay Harbor Islands market.

Players

Isaac Lustgarten
24 deals$262.6M volume(305) 450-8045
BROKER

Oren Alexander
Official
106 deals$2B volume(305) 610-4559
BROKER

Details

SOLD
IMAGE: CONTRACT IMAGE: Jonathan Landau, Oren Alexander & Isaac Lustgarden DATE: 04/10/2024 ADDRESS: 9110 West Bay Harbor Drive MARKET: Bay Harbor Islands ASSET TYPE: Condo DEVELOPER: Jonathan Landau - Landau Properties (@Landau_Properties) BUYER'S REP: Isaac Lustgarten (@Isaac_Lustgarten) & Oren Alexander (@OrenAlexander) - Official (@@OfficialPartners) PRICE: $11,300,000 SF: 5,164 ~ PPSF: $2,188 NOTE: The priciest condo to secure a contract is a five-bedroom, five-bathroom penthouse located at the Indian Creek Residences on 9110 West Bay Harbor Drive in Bay Harbor Islands, with a listed price of $11.3 million. Managed by Oren Alexander and Isaac Lustgarten of Official, the 5,164-square-foot unit is part of Jonathan Landau's development project under Landau Properties.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$602,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,146.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,567.76
Annual Debt Service$642,813.18